Martin & Co. Inc. TN Has $8.72 Million Stock Position in CECO Environmental Corp. (NASDAQ:CECO)

Martin & Co. Inc. TN cut its position in CECO Environmental Corp. (NASDAQ:CECO) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,496 shares of the company’s stock after selling 10,220 shares during the quarter. CECO Environmental comprises about 2.2% of Martin & Co. Inc. TN’s portfolio, making the stock its 9th biggest holding. Martin & Co. Inc. TN’s holdings in CECO Environmental were worth $8,721,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in shares of CECO Environmental by 71.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock valued at $40,000 after acquiring an additional 591 shares during the period. Quest Partners LLC bought a new stake in shares of CECO Environmental during the 3rd quarter valued at $69,000. Heck Capital Advisors LLC bought a new stake in shares of CECO Environmental during the 4th quarter valued at $74,000. Morse Asset Management Inc bought a new stake in shares of CECO Environmental during the 3rd quarter valued at $76,000. Finally, Eastern Bank bought a new stake in shares of CECO Environmental during the 3rd quarter valued at $113,000. 68.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CECO. Craig Hallum boosted their price target on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, January 6th. HC Wainwright cut CECO Environmental from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Northland Securities upped their target price on CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Needham & Company LLC lowered their target price on CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.20.

CECO Environmental Stock Down 4.6 %

Shares of CECO Environmental stock opened at $24.27 on Monday. The stock’s 50-day moving average is $29.90 and its 200 day moving average is $28.46. The firm has a market cap of $848.96 million, a price-to-earnings ratio of 73.55, a PEG ratio of 1.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. CECO Environmental Corp. has a one year low of $18.50 and a one year high of $35.16.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.